A seed round headed by Climate Angels and the Bengaluru-based venture capital firm Kalaari Capital nets Clean Electric, a startup offering energy storage solutions, $2.2 million. Along with LV Fund, 7 Square Ventures, and CIIE Regional Innovation Foundation, other investors in the round included them. Expanding its R&D, sales, and operations teams, Clean Electric intends […]
Covvalent, a platform for specialty chemicals, raises $4.3 million in a seed round that was co-led by Nexus Venture Partners. The round included notable angel investors and founders like Vishal Chaudhary (Co-founder, Zetwerk), Ramakant Sharma (Founder, Livspace), Rajesh Yabaji (Founder, BlackBuck), Rehan Khan (MD, MSD India Region), Jawaid Iqbal, Anubhav and Ankit Singh (Co-founders, Rupifi), […]
HealthKart, an omnichannel health tech platform, raises Rs 536.52 crore, or around $66 million, in a Series H round that was led by Temasek and included A91 Partners. This is the company’s initial investment round for 2022, with its headquarters in Gurugram. According to a regulatory filing with the Registrar of Companies, the board at […]
As it looks to ramp up production in the face of increased demand for the alcoholic beverage, Indian craft beer maker Bira 91 raises $70 million in a fundraising round led by Japanese beer company Kirin Holdings Co Ltd. Ankur Jain launched the craft beer company Bira 91 in 2015. In India’s projected $5 billion […]
To grow the market for its medical picture annotation service, health tech startup RedBrick AI raises $4.6 million in a funding round led by Sequoia India and Southeast Asia’s Surge. Web annotation tools for 2D and 3D data are provided by the RedBrick AI SaaS platform, giving specialists access to specialized tooling directly from their […]
Koo, a social media competitor to Twitter in India, raises Rs 51.08 crore ($6.3 million) in a fresh round co-led by Tiger Global and Accel Partners with the support of Kalaari Capital, 3one4 Capital, and Tokyo-based PE company Dream Incubator (DI). The Bengaluru-based company’s second investment round for 2022 is now underway. According to Koo’s […]
As advertising expenditures and other costs skyrocketed, Bengaluru-based D2C food tech unicorn ‘Licious‘ consolidated net loss more than doubled to INR 855.7 Cr in the fiscal year 2021–2022 (FY22). In FY21, Licious recorded a net loss of INR 369.8 Cr, an increase of approximately 2X from the loss of INR 146 Cr in FY20. Although […]
ProcMart, a B2B marketplace for purchasing based out of Noida, has raised $10 million in a Series A round that was led by Sixth Sense Ventures. According to a press release from the company, the latest funds will be used for worldwide expansion, bolstering vendor relationships, and improving technology and warehousing capabilities. ProcMart is a […]
The parent company of the short video entertainment app Josh and the vernacular news aggregator Dailyhunt, VerSe Innovation, continues to suffer severe financial losses, as its losses more than tripled and exceeded Rs 2,500 crore in FY22. Shailendra Sharma, Umang Bedi, and Virendra Gupta formed the Bengaluru-based startup VerSe Innovation in 2007. According to its […]
Betafi, a platform for unified user research, raises $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital, with Nir Eyal and founders from startups like Razorpay, Pine Labs, Snapdeal, Livspace, and others also taking part. The Singapore-based startup was founded by Arjun Arora and Ethan Sherbondy in 2020. Arjun earned […]